Indian securities market regulator, SEBI, today barred Karvy Stock Broking Ltd from undertaking new primary market assignments for a period of one year
Mumbai: Markets regulator SEBI yesterday simplified norms for domestic mutual funds to manage offshore pooled assets, dropping its “20-25 rule” which requires a minimum of 20 investors and a cap of 25 percent on investment by an individual, for funds from low-risk foreign investors. In a notification saying the new regulations would be called the […]
As general elections draw closer, Sebi has enhanced its surveillance to thwart any attempts by listed companies and others to channelise illicit funds through capital markets or investment schemes for polls
Indian market regulator SEBI today proposed to ban wilful defaulters as defined by Reserve Bank of India (RBI) from accessing the public for funds and from taking over other listed companies
Terming Sahara Asset Management Company Private Ltd (Sahara AMC) as not "fit and proper person", India's markets regulator today rejected its application for renewal of certificate of registration as a portfolio manager
In a public notice, capital markets watchdog SEBI (Securities and Exchange Board of India) has invited applications for the post of officer Grade A (Assistant Manager) for streams like general, legal, information technology and engineering. Reservations: Appropriate reservation will be given to candidates belonging to OBC (NCL), SC, ST and PwBD candidates. Four percent horizontal […]
Mumbai: IT major Infosys Ltd has paid Rs 34 lakh to settle a case related to alleged lapses regarding a severance payment done in 2015, Securities and Exchange Board of India (SEBI) said in an order. “The proposed adjudication proceedings for the defaults… are settled,” the market regulator said in a settlement order dated February […]
New Delhi: The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of their clients and restrict conflict of interest that may seep in. Official sources said that the banking […]
Mumbai: Changes in the SEBI listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1. The changes in DTAAs give India the right to tax capital gains arising on Indian equity shares sold by a Singapore or Mauritian resident […]
Mumbai: The National Stock Exchange (NSE) on Wednesday imposed fines and issued notices to 250 companies for not adhering to the Listing Obligations and Disclosure Requirements (LODR). Among the companies penalised, were the grounded Jet Airways, subsidiary companies of the crisi-riddenn IL&FS and Adani Ports and Special Economic Zone (APSEZ, InterGlobe Aviation Ltd, the parent company […]
New Delhi: Securities market regulator SEBI on Friday debarred NDTV’s promoters Prannoy Roy and Radhika Roy from holding any key managerial positions in the Board or the management of the news channel company for being “involved in fraudulent acts”. Additionally, along with RRPR Holdings, they have been debarred from accessing the stock markets or selling […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed to establish an organisation to provide credit enhancement for infrastructure and housing projects with an aim to enhance fund flows towards such projects. Announcing steps to prop up the slowing economy, the minister said that in order to improve domestic bond market, the finance ministry will […]
New Delhi: The Securities and Exchange Board of India (Sebi) on Friday tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults, then the latter should issue INC (Issuer not cooperating) ratings. “If an issuer has all the outstanding ratings as non-cooperative for […]
Mumbai: In a bid to provide further relief to market participants amid the coronavirus crisis, securities market regulator SEBI has reduced broker turnover fees and filing fees on offer documents for public issue, rights issue and buyback of shares by 50 per cent. “In its continuing efforts to help market participants to tide over challenges […]
New Delhi: Markets regulator, the Securities and Exchange Board of India (SEBI) has advised Franklin Templeton Mutual fund to focus on returning money to investors, in the context of winding up six of their debt schemes. In a probable swipe at the fund without taking names, SEBI said despite the regulations being clear, some mutual […]
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